Recently asked questions about conveyancing in Highnam

My financial adviser requires my Highnam solicitor’s panel reference for the Nationwide conveyancing panel. How do I discover this. I have tried my local Highnam branch but they don't know it.

You are best placed to get this information from your Highnam conveyancing practitioner . They maintain a central record lender panel numbers.

We are approaching an exchange on a property in Highnam and my parents have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

The conveyancing practitioner is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.

I am buying a new build flat in Highnam. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Highnam

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

Is it possible to change firm as I have to appoint one who is on the Barclays conveyancing panel. I instructed a high street conveyancing solicitor in Highnam round the corner but the firm is not approved by Barclays

It would be our pleasure to assist you select a conveyancing solicitor in Highnam on the Barclays panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Highnam. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Highnam.

Completion is due on the sale of our £200,000 maisonette in Highnam next week. The management company has quoted £300 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Highnam?

For the majority of leasehold sales in Highnam conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Addressing pre-exchange enquiriesWhere consent is required before sale in Highnam Supplying insurance informationDeeds of covenant upon saleRegistering of the assignment of the change of lessee after a sale

Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Highnam leasehold property is £350. For Highnam conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

Leasehold Conveyancing in Highnam - Sample of Questions you should ask Prior to Purchasing

What is the annual service fee and ground rent?The prefered form of lease arrangement is where the freehold title is owned by the leaseholders. In this arrangement the tenants have control and notwithstanding that a managing agent is usually retained if the building is bigger than a house conversion, the managing agent retained by the leaseholders.How many of the leaseholders are in arrears for their maintenance charge payments?